The boundaries of Anglesey Enterprise Zone are to be extended to maximise economic benefits for the region.
The announcement was made on Tuesday July 21by Economy Minister Edwina Hart who is hosting a meeting of the Enterprise Board chairs in North Wales.
The new sites include the West Anglesey Demonstration Zone, a 37 square kilometre of seabed off the west coast of Anglesey, and Cefn Du, the 21 hectare site in Gaerwen earmarked for the Menai Science Park (M-SParc).
The Minister said:
"Both locations have the potential to make a significant long term contribution to the local and regional economy and gaining Enterprise Zone status will make these sites particularly attractive propositions for investment and job creation.
"Enterprise Zones deliver tangible benefits for businesses and the inclusion of these sites are designed to ensure we are in pole position to maximise all the economic benefits arising from marine renewable energy projects as well as the wider R&D in the energy and environment sector that will be undertaken at Menai Science Park.
"There is also clearly an opportunity for the Menai Science Park to assist in facilitating benefits to Anglesey and North Wales from the huge investments expected at Wylfa Newydd.
"The extension of the Enterprise Zone boundaries also supports the Energy Island programme and the drive to ensure Anglesey is at the forefront of the latest renewable energy developments and research. The inclusion of these new sites are backed by the Enterprise Zone Board and have my full support."
Anglesey Enterprise Zone Chairman Neil Rowlands said:
"This is excellent news and a significant boost that will help deliver the outcomes we all want to achieve – the regeneration of the economy, job creation, new investment and a secure and sustainable future for Anglesey."
The West Anglesey Demonstration Zone has already been designated by the Crown Estate for the development of up to ten renewable tidal power installations with a total cumulative production capacity of 120MW.
The area is considered to have one of the best tidal energy properties in the UK and will be managed by Menter Mon through the Morlais project. This aims to accelerate deployment of tidal energy in the zone and make it one of the most attractive destinations for tidal turbine array development and marine renewable energy production in Europe.
Gerallt Llewelyn Jones, Managing Director of Menter Môn, welcomed the announcement and said:
"This is really good news as Enterprise Zone status brings real benefits to businesses and will help us establish Anglesey as a marine energy hub and secure maximum added value for the local economy."
M-SParc, a wholly owned subsidiary of Bangor University is to be developed on Cefn Du where the initial focus will be on innovative science based R&D projects with an emphasis on energy, environmental services and clean technology.
M-SParc is working with the Energy Island team to attract anchor tenants in low carbon energy sector with the aim of securing a sustainable economic legacy from major energy investments currently in the pipeline.
Ieuan Wyn Jones, the Director of M-SParc said:
"We are delighted that M-SParc is included within the Enterprise Zone and appreciate the benefits this can create for tenants and businesses. It is not only an excellent marketing tool to attract companies to locate on the park but delivers real economic advantages."